The employment rate, also called the employment to population ratio, is a statistical measure of the proportion of the working age population of a country, typically defined as ages 15 to 64, that is employed. It is calculated by dividing the civilian noninstitutionalized population that is employed by the total civilian noninstitutionalized population and multiplying by 100. It differs from the unemployment rate in that the employment rate reflects the share of the working age population actually holding jobs, including people who have stopped looking for work, while the unemployment rate measures only those actively seeking work who do not have it; the two measures are typically used together to give a fuller picture of labor market health. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Release FrequencyStandard published release cadence for Employment rate (official statistical release schedule). Sources
1. Wikipedia
Wikimedia Foundation
Wikipedia: Employment rate
Lead paragraph, first sentence defining the rateQuote, Lead paragraph, first sentence defining the rate
Employment rate, also called the employment-to-population ratio, is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64) that is employed.
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